Founder and CEO of eMoov.co.uk, Russell Quirk, claimed Britons have narrowly escaped the doldrums of a housing value crash.

She said: “Although the market has taken a wobble, UK homeowners should rest assured that the worst is now behind them and we won’t be seeing a repeat of the 2007 crash.

"This latest index provides the most compelling evidence yet that the UK property market has been able to shake off the woes of the previous year and snap election, to see positive growth during the summer months.”

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What is more, Mr Quirk believes that Brexit will probably not have a negative impact on the UK housing market going forwards.

He added: “A sustained level of growth can now be expected and it is unlikely that any further developments in the Brexit process should dampen this.”

He said: “The rate of growth during this period is higher than previously reported by Halifax and Nationwide, which is impressive given that this price data usually lags slightly behind other industry sources that base their figures on mortgage approvals rather than sales completions.”

Despite these figures, it was claimed at the beginning of this month that house prices for over a third of properties in the UK have fallen drastically.

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House prices: Mr Quirk believes that Brexit will probably not have a bad impact on the UK market